Two combines harvest wheat near Moree, Australia, October 27, 2020.

Drop in global output of bread-making wheat sparks hunt for supplies

From drought to too much rain, top-quality wheat supplies are under pressure

Reuters – A leading Middle Eastern flour miller paid over US$23 million in October for a high-grade Australian wheat cargo and is willing to pay 10 per cent more now for a similar consignment, but is unable to seal a deal as exporters can’t find enough food-grade grain. The miller is one of dozens of global importers


CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans hit summertime-level highs

Dryness in Brazil and Argentina in view for soy and corn; investors show renewed appetite for risk, traders say

Chicago | Reuters — Unfavourable dryness in crop-growing areas of South America on Tuesday pushed Chicago Board of Trade corn futures to their highest price since July and soybeans to an August high, analysts said. Wheat futures also rallied. South American weather was in the spotlight amid concerns about dry weather in southern Brazil, the

CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow O/H/L/C). (Barchart)

U.S. grains: Winter wheat futures rise on demand, crop woes

CBOT soybeans up, corn down

Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that


CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soy, corn set multi-month highs

South American crop uncertainty, chart-based buying are factors

Chicago | Reuters — U.S. soybean futures closed higher on Friday, hitting a 2-1/2 month top on worries about South American crop weather coupled with chart-based buying, traders said. Corn futures set a four-month high near $6 a bushel and wheat followed the firm trend (all figures US$). Chicago Board of Trade January soybeans settled




The USDA upped its average yield estimate for U.S. wheat in 2025-25 by half a bushel per acre.

Canola well supported despite profit-taking

New data on global oilseed stocks may take on added importance later

The ICE Futures canola market came under some pressure during the week ended Dec. 10, as speculators booked profits on their large net long positions and the months-long uptrend showed signs of faltering. After a year of unprecedented strength all of the bullish news should be well known for canola. The tight supply situation was confirmed by Statistics


CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: CBOT wheat nears two-month low

Corn declines; soy ends firm

Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly

CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soy, corn down on technical selling, Argentine rains

CBOT wheat up off Friday's drop

Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Monday and corn futures also declined on a mix of technical selling after last week’s advances and improving prospects for South American production, analysts said. Wheat futures rose on bargain-buying after dipping to a six-week low on Friday. Chicago Board of Trade